Monnet Ispat plans to set up a sponge iron unit
at the proposed special economic zone in Gwalior district of Madhya Pradesh. The
project would cost around Rs.200 crore.
The company is in talks with the MP government
for finalize the project details. Monnet has found a local partner to the
project, it is learnt.
(Further details awaited.)
Also see:
Monnet
Ispat to raise Rs.150 crore project-financing debt (12-Jun-04)